Energy Enhancer Jackup Set to Drill Esmond Field in UK North Sea

EnCore Oil plc has announced that the Energy Enhancer jackup rig contracted by Star Energy Group plc to drill the well on the Esmond field located on UK North Sea Block 43/13a is expected to mobilize to the drilling location this week and drilling operations should commence shortly thereafter.

The Esmond evaluation well is required to confirm that the underlying reservoir pressure has not risen significantly since the field was depleted and abandoned. Drilling operations are expected to be completed within 25 days of the well spudding.

Alan Booth, Chief Executive Officer, commented, "The information provided from the pressure test will help fully define the potential size and scope of the Esmond Gordon gas storage project. Once defined, we will have greater certainty on the value."

As part of the commercial arrangements between Star Energy (now a subsidiary of Petronas) and EnCore, Star Energy will bear the entire cost of drilling of this well. EnCore has a 50% interest in the project and Star Energy, the operator, also has a 50%. interest.

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